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Torrent Power Limited ( (IN:TORNTPOWER) ) has shared an announcement.
Torrent Power Limited announced the incorporation of a new step-down subsidiary, Torrent Urja 43 Private Limited (TU43), through its wholly-owned subsidiary, Torrent Green Energy Private Limited. TU43 is set to engage in the business of manufacturing and trading hydrogen and its derivatives, as well as dealing in various forms of renewable energy. This strategic move underscores Torrent Power’s commitment to expanding its footprint in the renewable energy sector, potentially enhancing its market position and offering new opportunities for growth.
More about Torrent Power Limited
Torrent Power Limited operates in the electricity generation industry, focusing on renewable energy. The company is involved in the generation, transmission, and distribution of power, with a market focus on non-conventional and green energy sources.
YTD Price Performance: -1.95%
Average Trading Volume: 20,176
Current Market Cap: 693.7B INR
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